Investing

Earnings Previews: Coupa Software, CTI BioPharma, Westport Fuel

The company could report results before markets open on Tuesday, but that date is unconfirmed.

Just six analysts cover the stock, and all rate the shares at Buy or Strong Buy. At a share price of around $4.80, the upside potential based on a median price target of $8.50 is 77%. At the high price target of $15, the upside potential is 233%.

There are no revenue forecasts for the fourth quarter or the 2021 fiscal year. The company is expected to post a per-share loss of $0.28, worse by two cents than the prior quarter loss. For the year, CTI is expected to post a loss per share of $0.98, compared to a year-ago loss of $0.74 per share.

CTI is not expected to post a profit in 2022. The stock currently trades at 71.1 times estimated 2023 earnings of $0.07 per share. The stock’s 52-week range is $1.43 to $4.87. The high was posted Friday. CTI does not pay a dividend. Total shareholder return for the past year is 48.8%, all in the last two weeks.

Westport Fuel

Westport Fuel Systems Inc. (NASDAQ: WPRT) designs, manufactures and sells alternative fuel systems for transportation original equipment manufacturer and after-market suppliers to them. Over the past 12 months, the stock price has declined by about 83%. Westport reports results after markets close on Monday.

Earlier this month, Westport sold its remaining stake in a joint venture with Cummins to the larger company for $20 million. Westport plans to invest the proceeds in the development of a hydrogen high-pressure direct injection system that Cummins may use for a planned natural gas-powered engine.

Just seven analysts cover the stock, with five giving the shares a Buy or Strong Buy rating and the others rating it at Hold. At a share price of around $1.50, the upside potential based on a median price target of $11.00 is 633%. At the high price target of $12, the upside potential is 700%.

Fourth-quarter revenue is forecast at $82.50 million, up 11% sequentially and about 2% year over year. Analysts forecast a quarterly loss per share of $0.02, less than the prior-quarter loss of $0.04 and down from EPS of $0.03 in the same quarter last year. For full fiscal 2021, Westport is expected to post a loss per share of $0.01, compared with a loss per share of $0.05 in 2020 on sales of $312.18 million, up 23.6%.

Westport is not expected to post a profit in 2022. The stock currently trades at 23.7 times estimated 2023 earnings of $0.11 per share. The stock’s 52-week range is $1.33 to $10.83. Westport does not pay a dividend. Total shareholder return for the past year was negative 84.2%.

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